Crodfunding video games, what you need to know
Lesson links:
- List of video game crowdfunding projects - Wikipedia http://bit.ly/2USvlWD
- Shovel Knight by Yacht Club Games — Kickstarter http://bit.ly/2JwH6Rm
- Hyper Light Drifter by Heart Machine — Kickstarter http://bit.ly/2Cz6zUc
- Crowfall - Throne War PC MMO by ArtCraft Entertainment, Inc. — Kickstarter http://bit.ly/2UTAb5R
- Chronicles of Elyria - Epic Story MMORPG with Aging & Death by Soulbound Studios — Kickstarter http://bit.ly/2Wi6bRu
Extra links:
Main takeaways:
Check this list of video game crowdfunding projects: http://bit.ly/2USvlWD
What you can learn:
- Only 40 projects raised over $1M since 2012
- Only 1 in 2017
- Only 1 in 2018
Reasons:
- Lack of trust towards developers to respect deadlines due to previous campaigns not delivering
- Complexity and length of game development
- Quick depreciation of games
- Over-saturation of the market
Your best shot:
- A small team
- A concept with a small scope
- A premium product - it can have an online component, but remember that there are only 12 MMORPG on the list
- Extras include exclusive physical gadgets
- Your chances increase exponentially if you're reviving an old IP, or one of your team members is a famous designer
Make sure you have:
- Additional funding sources. Crowdfunding is not enough for most video games
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